Elective Deferral Limit 401(k), 403(b) and 457 Plans IRC 402(g): $ 20,500
Catch-up Contribution Limit, Age 50+, 401(k), 403(b) and 457 Plans: $ 6,500
Annual Additions Limit for Defined Contribution Plans IRC 415(c): $ 61,000
Limit on Annual Benefits for Defined Benefit Plans IRC 415(b): $ 245,000
Annual Compensation Limit IRC 401(a)(17): $ 305,000
Highly Compensated Employee Limit IRC 414(q): $ 135,000
Key Employee Determination Limit IRC 416(i): $ 200,000
SIMPLE IRA Maximum Contributions 408(p)(2)(E) – Under Age 50: $ 14,000
SIMPLE Retirement Plan Catch-up Contribution Limit – Age 50+: $ 3,000
IRA Contribution Limit 219(b)(5)(A): $ 6,000
IRA Catch-up Contribution Limit, Age 50+: $ 1,000
Social Security Taxable Wage Base (Old Age, Survivors): $ 147,000
This information is provided as a courtesy and is not designed to be all encompassing. It is not intended as authoritative guidance or tax or legal advice. You should consult with your attorney or tax advisor for guidance on your specific situation.
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